Are two latest assaults benefiting from “flash loans,” low liquidity and worth oracle points the primary of extra to come back?
A part of what makes decentralized finance, or DeFi, fascinating to folks is the way it takes benefit of open-source protocols to allow sorts of transactions by no means earlier than accessible. The issue, nevertheless, is monetary constructions imply new monetary vulnerabilities.
In the previous couple of days, two assaults on bZx have used an analogous technique of manipulating the worth of artificial belongings within the context of a brand new instrument referred to as “flash loans.” On this episode, @nlw breaks down precisely:
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